Millions of international corporate entities and their governing bodies were left unsettled over the last week as the final decision on a critical piece of new and highly-anticipated anti-money laundering (AML) legislation came to a head, with these latest developments testing the integrity of American judiciary process. The primary component of the much-heralded Corporate Transparency […]
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The U.S. Department of the Treasury remains busy as the close of 2024 fast approaches. Last week, the Treasury’s Office of Foreign Assets Control (OFAC) – the department’s financial intelligence and enforcement agency tasked with enforcing economic and trade sanctions in support of domestic national security and foreign policy objectives – levied sanctions against two […]
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As the adoption of new and potent financial technologies have continued to revolutionize the workplace for financial service providers, specifically those operating within the compliance realm, arguably an equal number of new opportunities have been presented to fraudsters attempting to circumvent detection and facilitate financial crime as the age of artificial intelligence (AI) continues to […]
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Last week, the National Crime Agency (NCA) – the United Kingdom’s national law enforcement service acting against organized crime, human, drug and weapons trafficking, and malicious cyber activity – led an operation that disrupted and exposed a multi-billion dollar web of money laundering networks catering to Russian elites, organized criminals and international fraudsters. In a […]
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Money laundering is the process by which criminals disguise the illegal origins of their money. Anti-money laundering (AML) policies are designed to prevent this from happening
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At the time of their initial announcement last October, the DOJ had set its sights primarily on cracking down on suspicious activity during the merger and acquisition (M&A) process with respect to companies.
Read More Since the turn of the 21st century, cyberspace has become so ingrained in our global culture that nearly every home and business is connected in some way. While technological progressions have
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From the outset of 2024, U.S. financial regulators and lawmakers have pushed to further augment national anti-money laundering defenses, this as growing threats from money laundering and
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Last week was a rough one for several of the world’s largest banks. Two household names in the domestic financial sector were ultimately forced to take action to amend for lapses found within
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The Covid-19 pandemic will go down as an unparalleled piece of world history, an event that effectively forced the greater part of the developed world to completely shut down for the better part
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